(Reuters) - But unless the antiquated transmission grid is fixed,
expensive blackouts that bring modern life to a grinding halt
will become ever more common, according to "Lights Out" , a new book by Jason Makansi.
Before the 1980s, power generating companies were
responsible for the entire chain of supply, from securing fuel
to transmitting power to homes. Deregulation, meant to increase
competition, has busted that chain apart and left the wires and
substations that deliver electricity as a "neglected
stepchild," Makansi writes.
Read more at Reuters.com Business News
expensive blackouts that bring modern life to a grinding halt
will become ever more common, according to "Lights Out" , a new book by Jason Makansi.
Before the 1980s, power generating companies were
responsible for the entire chain of supply, from securing fuel
to transmitting power to homes. Deregulation, meant to increase
competition, has busted that chain apart and left the wires and
substations that deliver electricity as a "neglected
stepchild," Makansi writes.
Read more at Reuters.com Business News
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